Insurers see value in HNW
RSA is aiming to promote its presence in the high-net-worth (HNW) market, after teaming up with SmithGreenfield to wholesale its flagship products.
The move follows research from Datamonitor that indicated there were currently more than one million HNW individuals in the UK, a figure that is expected to grow by 8% each year. Consequently, RSA confirmed its HNW product, Primechoice, and mid-net-worth (MNW) product, Preferred Choice, would be made available to the UK broking market through SmithGreenfield.
Giles Greenfield, director at SmithGreenfield, said: "Research has indicated only a fraction of the HNW market in the UK has been tapped
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